Prime Minister Pham Minh Chinh meets with Mr. Kenji Okamura, Deputy Managing Director of the International Monetary Fund (IMF). (Photo: Duong Giang/TTXVN)
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On the evening of September 18th, at the Government Office, Prime Minister Pham Minh Chinh received Mr. Kenji Okamura, Deputy Managing Director of the International Monetary Fund (IMF), who is leading an IMF working delegation visiting Vietnam.
The Prime Minister affirmed that Vietnam will ensure the safety, health, and efficiency of all funding and investment flowing into the country.
Welcoming Deputy Managing Director Kenji Okamura and the IMF delegation to Vietnam, Prime Minister Pham Minh Chinh expressed confidence that this visit will further strengthen the positive relationship between the two parties in the future.
Providing an update on Vietnam’s situation, the Prime Minister stated that after the war, embargoes, and isolation, Vietnam has transformed from a poor and backward nation into a country achieving significant accomplishments. Currently, macroeconomic stability is maintained; inflation is controlled; growth is promoted; major economic balances are ensured; public debt, government debt, foreign debt, and budget deficits are all within safe limits; the material and spiritual lives of the people have improved; and the happiness index has risen by 11 ranks.
Despite current challenges, Vietnam remains steadfast in maintaining macroeconomic stability, controlling inflation, and striving to achieve a growth target of 8.3-8.5%, while ensuring major economic balances.
To achieve this goal, Vietnam implements proactive, timely, flexible, and effective monetary policies; expansive fiscal policies with clear focuses; and harmonious, reasonable, and effective coordination between monetary and fiscal policies.
In 2025, Vietnam aims to complete 3,000 kilometers of expressways; over 1,000 kilometers of coastal roads; and major infrastructure projects such as Long Thanh International Airport, other airports, seaports, and key infrastructure works.
The Prime Minister announced that Vietnam will continue to focus on large-scale infrastructure projects, including standard gauge railways connecting to China, Central Asia, and Europe; nuclear energy and clean energy projects like LNG gas power, solar power, and wind power; participation in the ASEAN power grid; the North-South high-speed railway; fuel projects; further development of the expressway system; and the construction of cultural, sports, and recreational facilities, including large exhibition centers and stadiums with international reach.
Vietnam identifies internal resources as fundamental, long-term, and decisive, while external resource mobilization is crucial for breakthroughs. This includes attracting direct and indirect investment; leveraging technology development cooperation; institutional reform; human resource training; and smart governance.
On the afternoon of September 18th, 2025, in Hanoi, Prime Minister Pham Minh Chinh received Mr. Kenji Okamura, Deputy Managing Director of the International Monetary Fund (IMF), who is visiting and working in Vietnam. (Photo: Duong Giang/TTXVN)
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According to the Prime Minister, one of Vietnam’s major focuses in recent times has been streamlining the administrative apparatus and organizing local governments at two levels; implementing three strategic breakthroughs in institutions, infrastructure, and human resource training, aiming for “transparent institutions, seamless infrastructure, and smart governance”… towards the goal of becoming a developing country with high-middle income by 2030 and a developed country with high income by 2045.
Highly appreciating the increasingly close and substantive cooperation between Vietnam and the IMF, the Prime Minister affirmed that Vietnam always values the active and effective support of the IMF in the process of renovation, opening up, and international integration, which has significantly contributed to consolidating macroeconomic stability, controlling inflation, promoting growth, and enhancing macroeconomic management and governance capacity.
Thanking the Prime Minister for receiving the delegation and expressing admiration for Vietnam’s remarkable development, especially in the economy, over the past years, Deputy Managing Director Kenji Okamura stated that the IMF delegation’s visit to Vietnam aims to learn from Vietnam’s success story and strengthen the long-standing relationship between the IMF and Vietnam through specific, practical, and effective activities and projects.
Sharing and discussing with Prime Minister Pham Minh Chinh issues related to macroeconomic policy management, financial mobilization for large projects and programs, and public debt control, Deputy Managing Director Kenji stated that the IMF, with its reputation, will advocate with international financial organizations to help Vietnam mobilize external resources for major programs and projects.
Informing Deputy Managing Director Kenji and the delegation about Vietnam’s directions for economic restructuring, growth model innovation, policies and solutions for capital mobilization, solutions to ensure exchange rate stability, liquidity assurance, and financial and monetary market control, Prime Minister Pham Minh Chinh stated that to boost growth, Vietnam is revitalizing traditional growth drivers such as investment, exports, and consumption, while promoting new growth drivers like the green economy, digital economy, knowledge economy, circular economy, and sharing economy…
Prime Minister Pham Minh Chinh stated that Vietnam mobilizes large financial resources to invest in transformative and game-changing projects and programs, based on the principle of “harmonious benefits and shared risks.”
Vietnam ensures the interests of investors and donors; guarantees financial liquidity at all times and system safety; and creates conditions for safe, healthy, and efficient investment resources.
Expressing confidence that the good relationship between Vietnam and the IMF will continue to be strengthened and promoted in the future, Prime Minister Pham Minh Chinh requested the IMF to continue providing policy advice and risk warnings to Vietnam; enhance cooperation, technical support, and human resource training for Vietnam; implement programs to support Vietnam in adapting to new international economic conditions; and advocate for investors and donors to increase cooperation with Vietnam./.
Pham Tiep
– 19:25 18/09/2025
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